Looks like a negatively controlled saturated injector driver with the scaling wrong. Looks like a 20:1 attenuator is attached but PicoScope has not been told that it's there so the 14v circuit shows at .7v.

You will find the 20:1 selection under Settings/Probes. The way it is scaled from 0 to 1v (0 to 20) the injector kick is off the top of the screen. This is normally up to 80 volts. Select the 20:1 and then choose the +- 5v range to scale the screen to +-100 volts (with attenuator in place). Then you will see it all scaled correctly.

OK, you had me fooled. That's a classic injector pattern. You even have increasing voltage drop as the current rises. A bit noisy is all.

You need to increase the voltage scale and put some more time on the screen to get a few cycles in view and see the whole pattern. Could be some kind of pulsed O2 heater control. I don't have any info here on your application.